Chunghwa Telecom (NYSE:CHT) Sees Unusually-High Trading Volume – Here’s What Happened

Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw unusually-high trading volume on Monday . Approximately 233,270 shares were traded during trading, an increase of 9% from the previous session’s volume of 213,177 shares.The stock last traded at $42.1690 and had previously closed at $41.75.

Wall Street Analysts Forecast Growth

CHT has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Wednesday, January 21st. Zacks Research raised shares of Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Chunghwa Telecom Stock Performance

The company’s 50 day simple moving average is $42.63 and its 200 day simple moving average is $42.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.32 and a current ratio of 1.49. The stock has a market cap of $32.94 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 5.66 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, February 26th. The utilities provider reported $0.38 earnings per share for the quarter. The firm had revenue of $2.09 billion for the quarter. Chunghwa Telecom had a return on equity of 9.82% and a net margin of 16.37%. Analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans purchased a new position in shares of Chunghwa Telecom in the 3rd quarter worth about $2,737,000. American Century Companies Inc. increased its holdings in Chunghwa Telecom by 17.6% during the second quarter. American Century Companies Inc. now owns 329,461 shares of the utilities provider’s stock worth $15,356,000 after buying an additional 49,276 shares during the last quarter. Summit Global Investments bought a new stake in Chunghwa Telecom in the second quarter worth about $606,000. R Squared Ltd bought a new stake in Chunghwa Telecom in the third quarter worth about $1,026,000. Finally, Ethic Inc. boosted its stake in Chunghwa Telecom by 27.9% in the third quarter. Ethic Inc. now owns 68,709 shares of the utilities provider’s stock valued at $2,997,000 after acquiring an additional 14,990 shares during the last quarter. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.